Rate-Fixing Scandal Hits U.S.: Fed Drops LIBOR Bombshells

According to newly released documents, Tim Geithner and other U.S. authorities were aware of international rate-fixing as early as 2007, reports Alex Klein. Search and explore the full cache of emails, phone calls, and reports here.

Alex Klein

Published Jul. 13 2012 5:30PM EDT

articles/2012/07/13/rate-fixing-scandal-hits-u-s-fed-drops-libor-bombshells/ny-fed-drops-bomb-libor-klein_gd9z1k — Tom Williams / Getty Images

articles/2012/07/13/rate-fixing-scandal-hits-u-s-fed-drops-libor-bombshells/ny-fed-drops-bomb-libor-klein_fsgiwk

From August 2007 to October 2008, the Federal Reserve received mounting evidence of manipulation of LIBOR, the international interest rates that underpin hundreds of trillions of dollars in assets around the world, according to documents released today by the New York Federal Reserve.

During that period, internal emails, phone transcripts, and...

Alex Klein

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Rate-Fixing Scandal Hits U.S.: Fed Drops LIBOR Bombshells

According to newly released documents, Tim Geithner and other U.S. authorities were aware of international rate-fixing as early as 2007, reports Alex Klein. Search and explore the full cache of emails, phone calls, and reports here.

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Alex Klein